St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1887-06-25

not wrong in reading the signs of conf
ing trouble. He had been in the habit
of coming to the street only occasionally
since he left his city residence, and he
was not expected to-day. In fact, !
scarcely any one outside OF his Office
knew of his presence. If the story
spread all over the street s
THAT lie WAS DEAD, g
was started deliberately for its effectton
stock values, the originatorS of it prol1a-
bly, calculated that Gould was so Tar
away that he could not be reached in
time to make denial that would pre-
vent a smash. Mr.. Gould remained
down town all day, and let it be known
as far as he could that he was helping
to stem the panic. He was vis
tied i'll his office by Cyrus
w. Field, Russell Sage ahd
many of the large operators. Just as
the sun was tinting the waters of the
Hudson with crimson Gould boarded
porter of the New York World met him
when he got there. Gould did not look
like q sick man. He was in excellent
spirits and converSed very freely.
"Mr. Gould, to what do you attribute
the great disturbance iii Wall street to-
day?"
Il do not know that / can tell the
exact cause. The market was raided,
for one thing, and scare was created.
They had MIR. Field broke and mended,
but they found cut that Mr.. Field was
not broke, and that / was not dead"
''DO you think the bottom has been
touched in values?n
THAT is something it would be diff
cult to say. | believe that
STOCKS ARE CHEAP.
bought some. / bought Missouri Pa
cIflc, Western Union and Manhattan.
know of one operator who bought TO-
COOS Missouri Pacific and another who
bought 1900 of the same stock.
do you regard the danger as over?n
eyes, the worst has unquestionably
passed.
How dc you think the steet stood
the shock?''
Admirably, I should say. There
was not a single bull house that failed
1t showed the strength of the bulls.
There was more of a capacity for taking
stocks than was looked for
''Do you consider it good time TO
bur stocks now?" ~
That is according to the way person
looks at it. My remark that ] regard
stocks as cheap is about as applicablea d
reply as [ can give"
DO you care to state the extent OF
your purchases to-day, MIR. Gould?"
'Wen, am not in the market as a
Spectator. and Fm not very extensive
buyer of anything. | don't owe any
money, and have little to buy good
things, occasionally. when / see them. y
''What is the condition of the country
from a business point of vieW?''
Good. l know that is particularly
| true Of the West. The earnings OF our
reads out there are big"
''Has the political situation any bear
| ing on the railroad and
BUSINESS INTERESTS
of the country, and would change
back to Republican administration be
hurtful?' x
Il don't think a change would have
any effect" replied Gould, after NO
ministration- is discreet one, ands
don't believe any administration would
interfere with the prosperity of the
country?''
"What policy would produce the best
results for the country at large?' 3
ITO let it alone" was Gould's quick
reply. ''The country is able to work ont
its own prosperity. The Americans are
great, noble and brave people and all
they want is to be let alone. They
don't want interference from pres
ident or congress, state legisla-
lures or governors. 1t would be
better if legislatures met only once in
five years. The people are able to take
care of themselves and run their own
affairs. The flower of other lands have
to serve from one to seven years in the
armies. We have no great standing
armies, and our best men can prosecute
industries and make the country rich
and people cOntented. Our people will
always be prosperous as long as they
can attend to their own affairs"
-"Mr. Gould, have you ceased specula-
ton in Wall street wholly and for
| good?"
Il may buy stock, as | did to-day.
when | think / am acquiring property 5
cheap, but | have absolutely stopped
speculation. |
| WITHDREW FROM WALL STREET
to remain out year ago last January.' 1
shall never under any circumstances be
SpeculatOr again."
do you also contemplate retire
ment from the active management of
your business interests?"
Yes, as soon as possible. My son has
familiarized himself with the manage
ment of the different properties with
which | am connected and he can now
attend to them as well as | can It is a
| L
shall never return to any of the hard
work."
Are some of the important matters
adjusted so that you can make your re-
tirement simple-far instance is there
anything looking to the settlement of
the telegraph fight?''
Nothing, the telegraph rates are down
to stay. Our gross earnings are bigger
than they ever were before, even at the
reduced rates. There is vast amount
of new railroad construction. We have
to equip the construction with new tele-
graph lines ann the cost comes out of
our earnings. If it were not for that
we could show per cent. net on our
| StOck.'
Mr.. Gould said he was in good health
and expected to pass pleasant summer.
Fairchild's Intentions.
WASHINGTON, June A.-Secretary
Fairchld said this afternoon that lie